Sharp to make solar power storage batteries: Nikkei

[OKIsItJustMe]

http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUST5036420080226

Sharp to make solar power storage batteries: Nikkei

Mon Feb 25, 2008 10:37pm EST

TOKYO (Reuters) - Japan's Sharp Corp will team up with Daiwa House Industry Co Ltd and Dai Nippon Printing Co Ltd to develop large lithium-ion batteries that can store solar energy for houses, the Nikkei business daily reported on Tuesday.

The deal will help Sharp, the world's largest producer of solar cells, expand its solar power system business while enabling Japanese homebuilder Daiwa House add value to its homes with energy-saving technologies, the Nikkei said.

Sharp plans to invest around 600 million yen in large lithium-ion battery developer Eliiy Power Co Ltd in March, the Nikkei said.

... with large lithium-ion batteries, with up to 40 times the storage capacity of existing smaller batteries used in mobile phones and laptop computers, homes can have power even when the sun is not out, the Eliiy Power spokesman said.

...

[spag68]

1. Yen

Unless I am totally crazy 600 million Yen is 6 million dollars. Not much of an investment.

[Dogmudgeon]

2. True, but look at the up side.

Sharp will be able to launch a massive ad campaign to announce to the world "We're GREEN! We're GREEN!".

--p!

[OKIsItJustMe]

3. Sharp doesn't need cheap PR

They're already one of the largest PV manufacturers in the world.